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Bill: Pensions Act

Details

Submitted by[?]: We Say So! Party

Status[?]: passed

Votes: This is an ordinary bill. It requires more yes votes than no votes. This bill will not pass any sooner than the deadline.

Voting deadline: October 2259

Description[?]:

In order to allow for people to be guaranteed an income after they retire the Government will operate a compulsory pension scheme which will be funded via National Insurance Contributions. This payment will be indexed linked to average wages and will be modified in line with aformentioned wage rates.
Citizens will also be allowed to place money into Private pension schemes, should they wish to do so, in order to allow for an increase in their income after such time as they should choose to retire. These schemes will be regulated by the Government to guarantee that high quality service provision is maintained at all times, however as with all Private schemes, the citizen will be expected to accept any risks involved with aforementioned schemes. Should any citizen believe that any Private shceme is not providing that which was agreed then they may request that the Governments pension Watchdog investigate any such unsatisfactory treatment. Should the Private Company be found guilty of not upholding their agreement then they will be forced to uphold said agreement as well as pay out limited compensation to the consumer.
Should any consumer be found to have brought about an unfair complaint then they will be expected to pay the full costs involved for any investigation.

Proposals

Debate

These messages have been posted to debate on this bill:

Date02:59:42, July 25, 2006 CET
FromThe Parties Party
ToDebating the Pensions Act
MessageWe consider this bill as an essential step to achieve a vigorous pension system.

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Voting

Vote Seats
yes
      

Total Seats: 283

no
  

Total Seats: 117

abstain

    Total Seats: 0


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